Mustard Seed

KOLKATA: Mustard seed prices remained nearly stable at Rs 525-527 per 20 kg in the spot market over the past four days on steady arrival of oilseeds at its major mandis in Jaipur and Alwar in Rajasthan. Currently, about 15,000 bags (1 bag = 85 kg) of mustard seed are arriving daily in the wholesale markets of Jaipur and Alwar, which help the oilseed price stabilise at around Rs 525-526 ex-Jaipur and the ex-Alwar price at Rs 526-527 per 20 kg in the current week. As...

NEW DELHI: Mustard seed prices were down by Rs 38 to Rs 4,200 per quintal in futures trading today as speculators reduced their exposures amidst reports of good crop in growing regions. Marketmen said trimming of positions by speculators triggered by reports of good crop from growing areas like Rajasthan , Haryana and Gujarat due to favourable weather mainly put pressure on mustard seed prices at futures trade. At the National Commodity and...

MUMBAI: The National Agricultural Co-operative Marketing Federation of India (Nafed) on Friday said it will not export mustard seed at a price lower than what was available in the domestic market. "Floating a global tender for export of mustard seed was to explore the prices that could be fetched globally and in the past Nafed had twice floated similar global tenders," Alok Ranjan, MD, Nafed, said in Delhi. Earlier, Solvent Extractors' Association of India (SEA)

NEW DELHI: Mustard seed prices met with resistance on higher levels and lost Rs 38 per quintal in the futures trading today amid weak spot markets sentiment. Marketmen said higher arrivals and profit booking at existing higher levels mainly put pressure on prices. At the National Commodity and Derivatives Exchange, mustard seed for far July contract plummeted by Rs 38, or 1.09 per cent, to Rs 3,450 per quintal, witnessing an open interest of 3,910 lots.

NEW DELHI: Mustard oil prices strengthened by Rs 50 per quintal at the wholesale oils and oilseeds market on Friday amid rising demand against tight supplies from mustard oil producing belts. However, other edible and non-edible oils continued to move in a narrow range in limited deals and settled around previous day levels. Mustard seed was quoting around Rs 2,950-3,050 per quintal; Vanaspati Ghee tin was trading in the range of Rs 960-1,130 per 15-litre. Traders...

NEW DELHI: Mustard seed prices were up by 0.61 per cent to Rs 3,931 per quintal in future trade today as speculators enlarged positions, supported by rising demand in spot markets . At the National Commodity and Derivatives Exchange , mustard seed prices for most-active December contracts gained Rs 24, or 0.61 per cent to Rs 3,931 per quintal, in an open interest of 20,980 lots. Similarly, mustard seed for delivery in January next year advanced by Rs 18, or 0.46 per...

KOLKATA: Sowing mustard seeds in the ongoing rabi season appears to have been hit by a slow start. The first round of survey by the agriculture ministry suggests sowing of oilseed has so far been complete in 57.2 lakh hectares between October 1 and December 14 against a coverage of about 64.2 lakh hectares during the same period last year. With oilseed sowing expected to finish next month, the edible oil industry fears that the acreage under mustard seed in the 2007-08 rabi season...

MUMBAI: A section of trade estimates the new mustard seed crop to be 25-30% less than 2005-06 production. According to Sanjay Agarwal, MD, KS Oils, total crop this year is likely at 55 lakh tonnes against 68 lakh tonnes last year. Seed prices which had fallen to Rs 16,000 per tonne last year are currently Rs 18,000 per tonne, which is above the minimum support price of Rs 17,150. Consequently, mustard oil prices, which were at Rs 45,000 per tonne in 2005-06,...

NEW DELHI: Mustard seed prices were up by 0.61 per cent to Rs 3,931 per quintal in future trade today as speculators enlarged positions, supported by rising demand in spot markets . At the National Commodity and Derivatives Exchange , mustard seed prices for most-active December contracts gained Rs 24, or 0.61 per cent to Rs 3,931 per quintal, in an open interest of 20,980 lots. Similarly, mustard seed for delivery in January next year advanced by Rs 18, or 0.46 per...

MUMBAI: The price of mustard seed is moving up at a fast clip due to a drop in arrivals and reports of a fall in production compared with the previous year. Price for the commodity in Rajasthan's Jaipur market has leapt up by Rs 200 per quintal in the last 20 days to Rs 2,900 per quintal. The price of mustard seed has also moved up on the futures counter, and volumes and open interest have also showed a considerable upswing. The price of July contract since May 7 has moved...

NEW DELHI: The government is examining a proposal to ban futures trading in mustard seed and gram (chana) due to sharp increase in prices. "We have received proposals to ban futures trade in mustard seed and chana. We are examining them," a senior Consumer Affairs Ministry official said. "We are monitoring the price movement of these two items that have risen sharply in the last few months," he said. Mustard seed and chana are...

MUMBAI: Ace Derivatives and Commodity Exchange Ltd today said it has signed a memorandum of understanding with Compound Feed Manufacturers Association on sharing of information. By virtue of the MoU, feed manufacturers, who are members of Compound Feed Manufacturers Association (CLFMA), an association of the country's livestock sector, will receive price information for soymeal, which is an important input and output component for the association and accounts for 30-40...

NEW DELHI: Agro-chemical firm Bayer CropScience today said it has opened a new breeding station in Haryana to develop new seed varieties in Indian mustard. India has approximately 6.5 million hectares under mustard cultivation. The new station has been set up in the backdrop of a rise in domestic demand for high yielding commercial mustard seeds and higher rate of improved seed replacement, it said in a statement. The new research station, spread in...

NEW DELHI: Mustard seed prices hardened by Rs 37 to Rs 3,619 per quintal in futures trading today, following a firm trend in the spot markets. Besides, fall in arrivals and pick up in demand in physical markets mainly led the rise here in mustardseed futures prices, traders said. At the National Commodity and Derivatives Exchange counter, castorseed prices for delivery in far-month July rose by Rs 37, 1.03 per cent to Rs 3,619 per quintal, with an open interest of 140 lots.

KOLKATA: The sowing of mustard oilseed, the major rabi oilseed crop in the country, has begun on a sluggish note. Mustard seed acreage is still down by 4.35 lakh hectares as of November 15, 2012 as against last year. Oilseed acreage in Rajasthan , the largest producer of mustard oilseed in the country, is hovering around 19.58 lakh hectare as compared to 23.26 lakh hectare. Oilseed acreage in Uttar Pradesh is also on the lower side. As against 6.11...

MUMBAI: Mustard seed production, that was estimated to be lower this year because of a fall in acreage, may decline further due to the cold wave in north India and rainfall in the eastern parts of the country. According to processors, production can fall by 5% to 10% at 48-52 lakh tonne against early projection of 55 lakh tonne. Cold wave conditions are prevailing over some parts of Punjab, Haryana, Delhi, Uttar Pradesh, Madhya Pradesh, east Rajasthan, Maharashtra, Chhattisgarh,...

NEW DELHI: Soyabean and mustard seed futures hit the lower level of 3 per cent on NCDEX counter on Tuesday tracking weak sentiments in global market and improved sowing activity of oilseeds in the country. At 1200 hrs, the most-active September contract slumped by 3.60 per cent at Rs 2,367 per quintal, October contract by 3.53 per cent at Rs 2,146 per quintal and November contract by 3.91 per cent at Rs 2,115 per quintal. "Improved weather...